GBPUSD on the back foot again 20 March
Further to earlier my order board post and others today/yesterday I've been saying I'm a rally seller still and suggested more shorts above 1.4050 good res/supply at 1.4065.
Decent demand between 1.4020-30 then 1.4000 was taken out eventually after a couple of attempts and currently 1.3993 after an expiry-led dip to try and take out 1.3975 as well as the 1.4000 interest but defence sound enough to hold at 1.3983
With yen demand notable again and USDJPY struggling to hold above 106.50 we've seen GBJPY back down to test session lows around 148.80 so we need a break of that area too for an acceleration of further losses in the pair to 148.50 and GBP generally too.
Time to take some money off the table down here but keep some shorts and look to re-sell between 1.4030-50 for next value trade. Stay poised too though if we get top heavy around 1.4000.
GBPUSD
GBPJPY
